Consolidated Water Co. Ltd. (NASDAQ:CWCO) Short Interest Update

Consolidated Water Co. Ltd. (NASDAQ:CWCOGet Rating) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 254,300 shares, a growth of 98.4% from the March 15th total of 128,200 shares. Currently, 1.8% of the company’s shares are sold short. Based on an average daily trading volume, of 85,700 shares, the days-to-cover ratio is currently 3.0 days.

Several research analysts recently weighed in on CWCO shares. Roth Capital reaffirmed a “buy” rating on shares of Consolidated Water in a research report on Thursday, March 31st. StockNews.com raised Consolidated Water from a “hold” rating to a “buy” rating in a research report on Friday, April 8th.

A number of large investors have recently added to or reduced their stakes in CWCO. Byrne Asset Management LLC purchased a new position in Consolidated Water in the fourth quarter valued at about $26,000. Abundance Wealth Counselors purchased a new position in Consolidated Water in the fourth quarter valued at about $114,000. Clarus Wealth Advisors increased its position in shares of Consolidated Water by 10.6% during the fourth quarter. Clarus Wealth Advisors now owns 14,451 shares of the utilities provider’s stock worth $146,000 after acquiring an additional 1,383 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Consolidated Water during the fourth quarter worth about $207,000. Finally, Scotia Capital Inc. purchased a new stake in shares of Consolidated Water during the third quarter worth about $216,000. 43.12% of the stock is currently owned by institutional investors.

NASDAQ:CWCO opened at $11.30 on Friday. The business’s 50-day moving average is $10.37 and its two-hundred day moving average is $10.72. Consolidated Water has a 12 month low of $9.01 and a 12 month high of $13.24.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 29th. Shareholders of record on Friday, April 1st will be given a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 3.01%. The ex-dividend date is Thursday, March 31st.

Consolidated Water Company Profile (Get Rating)

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.

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